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Find Reverse Mortgage Specialists Near You in New Hyde Park, NY
Browse reverse mortgage specialists serving New Hyde Park, New York. Contact information and addresses listed below.
2 agents listed
Updated May 2026
New Hyde Park, NY
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the New York before hiring.
Showing 2 reverse mortgage specialists in New Hyde Park, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
David Roy Canyon Mortgage Corp
2001 Marcus Ave Suite N-121, New Hyde Park, NY 11042
6466410924
Borrower Brigade
26 Jericho Tpke ste 3, New Hyde Park, NY 11040
6315734898
A reverse mortgage specialist in New Hyde Park, New York helps homeowners aged 62 and older convert home equity into loan proceeds. New York state requires that all reverse mortgage borrowers complete a counseling session with a HUD-approved counselor before applying. This service is especially relevant for New Hyde Park residents who want to stay in their homes while accessing funds for retirement or home improvements.
What Does a Reverse Mortgage Specialist in New Hyde Park Cost?
Typical costs for a reverse mortgage in New York include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars, but can be higher for complex cases. New York state law requires lenders to provide a detailed cost estimate before closing. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in New Hyde Park?
Borrowers must be at least 62 years old. If there are multiple borrowers, the youngest borrower must meet this age requirement. New York state law also mandates that the borrower own and occupy the property as their primary residence.
Do I need counseling before getting a reverse mortgage in New York?
Yes, New York state requires that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. The session must be completed before you can submit a loan application. The counselor will explain the loan terms, costs, and alternatives.
What types of reverse mortgages are available in New Hyde Park?
The most common type is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration. New York also allows proprietary reverse mortgages for higher-value homes. Each type has different rules regarding loan limits and disbursement options.
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Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the New York.